Account


Account
1. An arrangement by which an organization accepts a customer's financial assets and holds them on behalf of the customer at his or her discretion.

2. A statement summarizing the record of transactions in the form of credits, debits, accruals and adjustments that have occurred and have an affect on an asset, equity, liability or past, present or future revenue.

3. A relaying of happenings from one party to another.

1. The Knights Templar were the first to hold assets on the behalf of others and make loans on those assets. As such the Knights Templar are credited with creating the foundations of today's banking system. Accounts were first created so that people could borrow to travel to the Holy Land, and hold and amass wealth that was often stolen during the Crusades.

2. This statement of transactions is the record of the growth and development, or shrinking and amortization of almost anything quantifiable.

3. An account is the passing on of information for the purpose of explanation.


Investment dictionary. . 2012.

Synonyms:

Look at other dictionaries:

  • Account — Ac*count , n. [OE. acount, account, accompt, OF. acont, fr. aconter. See {Account}, v. t., {Count}, n., 1.] 1. A reckoning; computation; calculation; enumeration; a record of some reckoning; as, the Julian account of time. [1913 Webster] A… …   The Collaborative International Dictionary of English

  • account — ► NOUN 1) a description of an event or experience. 2) a record of financial expenditure and receipts. 3) a service through a bank or similar organization by which funds are held on behalf of a client or goods or services are supplied on credit.… …   English terms dictionary

  • account — [ə kount′] vt. [ME acounten < OFr aconter < a , to + conter, to tell < compter < L computare: see COMPUTE] to consider or judge to be; deem; value vi. 1. to furnish a reckoning (to someone) of money received and paid out 2. to make… …   English World dictionary

  • account — I (evaluation) noun appraisal, assessment, com pre rendu, enumeration, financial statement, ledger, list of receipts and payments, ratio, register, statement, statement of debits and credits, statement of pecuniary transactions, tally, valuation… …   Law dictionary

  • Account — Ac*count , v. i. 1. To render or receive an account or relation of particulars; as, an officer must account with or to the treasurer for money received. [1913 Webster] 2. To render an account; to answer in judgment; with for; as, we must account… …   The Collaborative International Dictionary of English

  • account — n 1 *use, service, advantage, profit, avail Analogous words: benefit (see corresponding verb at BENEFIT): usefulness, utility (see USE): *worth, value Contrasted words: futility, vanity, fruitlessness, bootlessness (see corresponding adjectives… …   New Dictionary of Synonyms

  • account — The phrase on account of is a slightly formal preposition meaning ‘because of’ • (He remained miserable and ashamed, largely on account of his appetite which continued to torment him Anita Brookner, 1988). Its use (with or without of) as a… …   Modern English usage

  • account — [n1] written description of past events ABCs*, annal, blow by blow*, bulletin, chronicle, detail, explanation, history, lowdown*, make*, narration, narrative, play by play*, recital, report, run down, score, story, tab, take, tale, the picture*,… …   New thesaurus

  • Account — Ac*count , v. t. [imp. & p. p. {Accounted}; p. pr. & vb. n. {Accounting}.] [OE. acounten, accompten, OF. aconter, [ a] (L. ad) + conter to count. F. conter to tell, compter to count, L. computare. See {Count}, v. t.] [1913 Webster] 1. To reckon;… …   The Collaborative International Dictionary of English

  • account — /akˈkaunt, ingl. əˈkaunt/ s. m. inv. 1. account executive 2. (elab.) registrazione □ codice di registrazione …   Sinonimi e Contrari. Terza edizione

  • account — (izg. akȁunt) m DEFINICIJA int. mrežna identifikacija sa zaporkom i pravom pristupa koju dodjeljuje administrator sustava; korisnički račun ETIMOLOGIJA engl …   Hrvatski jezični portal